President says will be no tax hike for low-income firms, people

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Effective corporate tax rate remains at around 16% for past 7 years: govt. data

South Korea's effective corporate tax rate has remained at around 16 percent since 2010 due to various deductions and exemptions despite the nominal corporate tax rate marked at 22 percent, governmen...

Updated : 2017.07.12 11:33

Korea's ICT exports rise for 8th month in June

South Korean exports of information and communication technology products increased for the eighth consecutive month in June on brisk overseas sales of semiconductors and displays, government data sh...

Updated : 2017.07.12 11:08

Korea to make all-out efforts to deal with external risks: finance minister

South Korea's top economic policy chief said Wednesday that he will make all-out efforts to stave off any fallout from heightening external pressures, such as a potential US rate hike and spreading t...

Updated : 2017.07.12 11:00

Korea's jobless rate rises to 3.8% in June

South Korea's jobless rate edged up in June as the number of newly employed people recorded a five-month low amid a feeble economic recovery, government data showed Wednesday. (Yonhap) The unemploy...

Updated : 2017.07.12 09:39

New Korean govt. to pursue 'good growth': official

South Korea's new government will seek both growth and fairer wealth distribution under the main theme of "good growth," a presidential official said Tuesday, hinting it will also break from the coun...

Updated : 2017.07.12 09:29

'Nuclear power plant suspension could bring legal charges’

With Korea Hydro & Nuclear Power’s pending decision to suspend the construction of Shin-Kori No. 5 and 6 nuclear power plants in Ulsan, the plant’s parent company Korea Electric Power Corp. is revi...

Updated : 2017.07.11 17:29

State audit agency asks for probe over duty-free licensing

South Korea's state audit agency on Tuesday requested that the prosecution probe the customs service over a suspected illicit selection of duty-free operators in 2015. The Board of Audit and Inspect...

Updated : 2017.07.11 14:24

Korea's exports shot up 38.5% in first 10 days of July

South Korea's exports shot up nearly 40 percent in the first 10 days of this month from a year earlier on robust overseas demand for semiconductors and ships, customs data showed Tuesday. Total outb...

Updated : 2017.07.11 13:15

Korea's exports, investment up, consumption down

The South Korean economy is experiencing a feeble recovery as brisk exports and investment were offset by flaccid private consumption and weak service sector growth, a government report said Tuesday....

Updated : 2017.07.11 11:11

Egg prices still flying high despite imports

Local egg prices still are high despite the arrival of eggs imported from Thailand following the latest outbreak of bird flu, data showed Tuesday. The Korea Agro-Fisheries & Food Trade said a carton...

Updated : 2017.07.11 10:40

Korea sees widening investment imbalance

Korea has seen foreign direct investment slump and investments by local companies abroad balloon over the past few years. According to data from the Ministry of Trade, Industry and Energy, Korean fi...

Updated : 2017.07.10 18:45

Car insurance premiums to be adjusted differently depending on fault

Drivers who are less at fault for a car accident, will pay lower auto insurance premiums in a change from the current system, the financial regulator said Monday. The change, which will go into effe...

Updated : 2017.07.10 17:36

Korea's ETN market sees rapid growth

South Korea's market for a type of unsecured debt security, or exchange traded note, posted rapid growth, thanks to robust demand for risk-hedging investments, the nation's bourse operator said Monda...

Updated : 2017.07.10 15:37

House prices becoming increasingly exorbitant in Korea

Home purchases are becoming increasingly unaffordable and prices and loan interest rates have reached their highest level in four year and three months, the Korea Housing-Finance Corp. announced Mon...

Updated : 2017.07.10 15:35

CEOs growing less confident about future of global economy

More corporate CEOs are becoming less optimistic about the immediate future of the global economy compared with last year, an international survey said Monday. The poll carried out by consulting fir...

Updated : 2017.07.10 15:10